Foreclosure Attorney

Houston Foreclosure Lawyer James Patrick Brady is Texas Board Certified Consumer Bankruptcy and has devoted his practice to helping individuals and businesses with bankruptcy issues.

A Bankruptcy and Foreclosure Attorney since 1977, he has represented thousands of clients faced with foreclosure throughout Houston, Galveston, Brazoria and all adjoining Texas counties.

Mortgage lenders initiate a foreclosure when someone gets too far behind on home or other real property loan payments.

Your mortgage lender initiates a foreclosure for the purpose of selling your home or other real property and then applies the money from the sale toward payment of your debt.

Two of the documents you signed when you initially got your mortgage were the “Note” and the “Mortgage” (in Texas called a Deed of Trust). The Note was your personal promise to pay for the money you borrowed from the mortgage lender. The Mortgage was your agreement to serve up your home or other real property as “collateral” for the loan. By doing so, you allowed the mortgage lender to put a lien on your real property.

Bankruptcy may be able to save your home. As an example, if you have fallen behind in your payments but, starting today, you could keep them up-to-date filing Chapter 13 bankruptcy before the final foreclosure deadline will stop any pending mortgage lender foreclosure and may give you up to 5 years to make up the missed payments.

In Texas, filing bankruptcy after the foreclosure (foreclosures occur on the first Tuesday) date does not stop the foreclosure.

If your Texas home or real property is in foreclosure or you have been threatened with foreclosure, experienced bankruptcy attorney Pat Brady will be able to help.

Call to set up an appointment with Houston bankruptcy attorney Pat Brady.

After filing a Chapter 13 bankruptcy you start making your regular mortgage payments again. The future payments will be included in your Chapter 13 plan.

You are required to pay is all the mortgage payments you have missed and are generally given many months to do so. Depending on your circumstances, in most Texas cases repayment is spread out over the entire duration of your Chapter 13 plan. In Chapter 13, a plan of repayment is established for you which will include not only your mortgage, but your debts as well.

In Texas the mortgage lender starts foreclosure when you are about 3 months behind on your mortgage and your mortgage lender has reason to believe that you cannot or will not pay your mortgage.

Before filing a foreclosure you will usually get one or more demands for payment. If you still do not pay and catch up your mortgage, the mortgage lender will turn the matter over to an attorney who specializes in handling foreclosures. That attorney will sometimes write you to give you one last chance to catch up your mortgage.

Call to set up an appointment with Houston bankruptcy attorney Pat Brady.